Referred to Sallyport by a previous client, the company needed additional working capital to bridge the gap between paying healthcare professionals and collecting payments from customers.
Sallyport Commercial Finance funded a $500,000 accounts receivable factoring facility for a growing healthcare staffing company. Referred to Sallyport by a previous client, the company needed additional working capital to bridge the gap between paying healthcare professionals and collecting payments from customers.
As placements and customer volumes increased, payroll needed to be funded well before the related invoices were paid. Sallyport’s flexible factoring facility provides the liquidity needed to fund payroll, support new placements and manage other working capital requirements as the company continues to expand its customer base.
The client chose Sallyport because of our ability to quickly understand the needs of a newer healthcare staffing business, navigate complex MSP and customer structures and deliver a flexible funding solution that supports continued growth.
“We’re excited to support a young healthcare staffing company as they build out their customer base and scale operations,” Dean Winter, vice president of business development at Sallyport Commercial Finance, said. “The facility provides the working capital needed to fund payroll, support new placements and grow without being constrained by customer payment cycles.”
